IRON ore magnate Andrew “Twiggy” Forrest has taken a tumble down the rankings of the world’s richest people.
The latest Forbes billionaires list ranks the Fortescue Metals founder and philanthropist as the 480th richest person in the world.
Mr Forrest has an estimated fortune of $US4.4 billion, a slide from the 261st spot he occupied last year when he was worth $US5.7 billion.
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READ NOWFellow miner Gina Rinehart maintained her position on the list as Australia’s richest person, coming in at 69th spot with $US17.4 billion, with her fortune having swelled from $US15 billion a year ago.